Evolution will also be a bitcoin wallet

Evolution should move to being a multi-coin wallet

  • Yes

  • No

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GrandMasterDash

GrandMasterDash

Well-known member
Masternode Owner/Operator
I haven't tried Evolution yet and maybe someone has already thought about this, but.. will Evolution also double as a bitcoin wallet? If not, why not? Spend transactions would obviously be handed over to the bitcoin network, but receive (and change) addresses could easily be handled within Evolution.

There is no need for MNs to carry the bitcoin blockchain as all transaction could go through bitcoin Electrum servers. Well, we paid for Eluctrum integration and maintenance so why not also use their bitcoin servers for the spend part?

Clear advantages would be:
1. Great way to convert bitcoin users to the dash network (dash in their face every time they use Evolution)
2. One seed to manage two wallets.
3. Easy to send bitcoin to other Evolution users.

I dunno, maybe I'm just being slow / missing something, but it just seems too obvious to me.
 
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interesting idea. it would mean Masternodes would need to run a Bitcoin fullnode though in tandem. Also the function would be limited to just sending a from one bitcoin address to another, wouldn't have any of our functions
 
Sounds like a good marketing gimmick.

Choose Send Method:
Instantsend - Confirms instantly
Regular - Confirms in 6 blocks (about 15 minutes)
Bitcoin - Transactions larger than 0.1 BTC might confirm in a couple of hours
Transactions smaller than 0.1 BTC will be considered donations

Probably not worth the many hours required for coding.
 
+1 for the idea, especially if linked to a service like shapeshift (or masternode service) where you can convert, straight from the wallet. Bitcoin balance, Dash balance, PrivateSend balance... interesting to think about
 
AndyDark said:
interesting idea. it would mean Masternodes would need to run a Bitcoin fullnode though in tandem. Also the function would be limited to just sending a from one bitcoin address to another, wouldn't have any of our functions
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I really don't think full nodes would be required. AFAIK, Electrum is a light wallet using Electrum servers. This would simply use their servers for the sending. Evolution would simply manage the keys just like any other light wallet.

I'm not suggesting an exchange mechanism, though it's easy to imagine this at a later stage. If Evolution is generating one set of keys, why not another? - it can't be that hard, surely.

One advantage would be one client and login to manage both coins. Also, bitcoin could be sent from one Evolution username to another Evolution user. If the receiving party is using a different wallet, then it would simply be sent the regular way.
 
GrandMasterDash said:
I really don't think full nodes would be required. AFAIK, Electrum is a light wallet using Electrum servers. This would simply use their servers for the sending. Evolution would simply manage the keys just like any other light wallet.

I'm not suggesting an exchange mechanism, though it's easy to imagine this at a later stage. If Evolution is generating one set of keys, why not another? - it can't be that hard, surely.

One advantage would be one client and login to manage both coins. Also, bitcoin could be sent from one Evolution username to another Evolution user. If the receiving party is using a different wallet, then it would simply be sent the regular way.
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yep i realized that after I wrote it. could use Electrum. it wouldn't be fully decentralized like Evo though because MN's would be going through small set of Electrum servers. there's pros and cons, interesting ideas though
 
I like the idea, however by doing so we could potentially effect the beautifulness that is Evolution. When people jump on Evolution there will be no delayed transactions but if we take on bitcoin too then we take on bitcoins problems with it, such as delayed transactions. I personally think that we should stick to just dash and control both the hardware (Dash) and software (Evolution). We should however accept deposits from all currencies by converting them to Dash automatically with a built in shapeshift.io function.
 
itscrazybro said:
I like the idea, however by doing so we could potentially effect the beautifulness that is Evolution. When people jump on Evolution there will be no delayed transactions but if we take on bitcoin too then we take on bitcoins problems with it, such as delayed transactions. I personally think that we should stick to just dash and control both the hardware (Dash) and software (Evolution). We should however accept deposits from all currencies by converting them to Dash automatically with a built in shapeshift.io function.
Click to expand...
100x this.
 
You could use the Apple vs Microsoft metaphor. There was no way that Apple were going to allow Microsoft to be installed on their computers because it would have ruined the beautifulness of it all. We are Apple, Bitcoin is Microsoft.
 
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itscrazybro said:
I like the idea, however by doing so we could potentially effect the beautifulness that is Evolution. When people jump on Evolution there will be no delayed transactions but if we take on bitcoin too then we take on bitcoins problems with it, such as delayed transactions. I personally think that we should stick to just dash and control both the hardware (Dash) and software (Evolution). We should however accept deposits from all currencies by converting them to Dash automatically with a built in shapeshift.io function.
Click to expand...

I dunno why so many people are so in love with ShapeShit. But anyway, I guess it's ok for Dash to sit alongside bitcoin on the ATMs, but not ok to make things easier for both bitcoin and dash users in an "easy to use" wallet. But yeah, good job the ATM developers didn't adopt the same attitude, just in case it "confused it's users" and takes away from it's "beautifulness".

While thinking about "beautiful" and "easy to use" software - which by the way is not a stupid last century desktop wallet - you might want to remember the stubborn position Google took with it's homepage' refusing to have more than 20 words on their home page... until eventually, finally, thankfully, giving up on the stupid rule. Until that point, everyone ran around looking up to them like Gods for their minimalism. So, is that what we want here? - isolation? Do you think going it alone and refusing to meet users halfway will get dash into the hands of the masses?

But the real question should be, how much work to expend to test the potential? Is it honestly that difficult to generate bitcoin keys at the same time? Forget all the bells and whistles, just a little effort to see how well (or not) it is received in the real world. If it doesn't work, bury it or remove it, not much was lost, apart from a little pride for trying.

It's ok for us to pay for bitcon's Electrum to be hacked to dash.. yet too difficult for us to even try this.
 
What did bitcoin take from dash? - nothing. What can dash bring to bitcoin users?... you think "them and us" thinking is going to win the war? Just because bitcoin is so of full pride to ever acknowledge dash's work, it doesn't mean we have to be the same. Swallow some pride and accept this could be a very economical way to try and meet bitcoin users half way. Give the bitcoiners an easy to use wallet with aliases and put the word "dash" in their face every time they use it. Call it a marketing strategy if it makes you feel better.
 
Bitcoin isn't technologically advanced enough to work with Evolution, IMO. Creating an ecosystem that blows Bitcoin away, building access ramps and getting the word out through marketing should be the goal. I personally don't think that tainting the user experience of a revolutionary product with an inferior currency is a good idea. Just my 2 duffs.
 
GrandMasterDash said:
I dunno why so many people are so in love with ShapeShit. But anyway, I guess it's ok for Dash to sit alongside bitcoin on the ATMs, but not ok to make things easier for both bitcoin and dash users in an "easy to use" wallet. But yeah, good job the ATM developers didn't adopt the same attitude, just in case it "confused it's users" and takes away from it's "beautifulness".

While thinking about "beautiful" and "easy to use" software - which by the way is not a stupid last century desktop wallet - you might want to remember the stubborn position Google took with it's homepage' refusing to have more than 20 words on their home page... until eventually, finally, thankfully, giving up on the stupid rule. Until that point, everyone ran around looking up to them like Gods for their minimalism. So, is that what we want here? - isolation? Do you think going it alone and refusing to meet users halfway will get dash into the hands of the masses?

But the real question should be, how much work to expend to test the potential? Is it honestly that difficult to generate bitcoin keys at the same time? Forget all the bells and whistles, just a little effort to see how well (or not) it is received in the real world. If it doesn't work, bury it or remove it, not much was lost, apart from a little pride for trying.

It's ok for us to pay for bitcon's Electrum to be hacked to dash.. yet too difficult for us to even try this.
Click to expand...
I see your point. We basically just have to say do we want to be more like Circle or more like Uphold? A place to use dash or a place to hold and use all types of assets.
I love both Circle and Uphold, so it's a hard choice.

In terms of gaining adoption though, I can see that integrating Bitcoin could work but we could also use other methods. For example we could put a proposal to the network to spend say $50,000 a month on a referral program (this might be peanuts by the time evolution is here). This referral method is how Paypal became as big as they are today http://www.referralcandy.com/blog/paypal-referrals/.

I am sure there are other ideas too and all are worth listening to and considering.
 
It is fine if masternode server doesn't have to keep Bitcoin blockchain. But keeping Bitcoin blockchain on masternode server means more burden on it. What's the benefit go with its cost?
 
bhkien said:
It is fine if masternode server doesn't have to keep Bitcoin blockchain. But keeping Bitcoin blockchain on masternode server means more burden on it. What's the benefit go with its cost?
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See above. MNs wouldn't have to maintain bitcoin's blockchain and the benefits compared to the little work needed should be obvious.
 
If multi-Coin means DASH and other fiat (USD) that is fine. But another crypto? no.
No need for mess up user.
 
Naruto said:
If multi-Coin means DASH and other fiat (USD) that is fine. But another crypto? no.
No need for mess up user.
Click to expand...

Suddenly US dollars are more important than bitcoin? If dash is also second to the dollar, why are we even bothering? I mean, just get a credit / debit and do your purchases and transfers that way...why on earth would we need dash? Wait, let's also make a pact to also never use Ether because we don't want to value it too highly in our isolationist world. No euros, yen, silver, gold.. oh wait, fiat is ok, but crypto isn't... ah ok, I get it, lets sink to the lowest denominator and say that is ok.

There was me thinking, central banks can't be trusted, crypto better than fiat with it's controlled and limited supply, That crypto was better because it's permissionless. Bitcoin was going to take over the world.. dash was a better bitcoin... but fuck that, we'll just say that US dollars are ok and completely ignore those toys called bitcoin and Ethereum that are worth more than dash.

Honestly, truly, I don't think anyone here actually remembers why on earth they got into bitcoin in the first place.
 
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Wait for Evolution release and then Exodus implement it and you will get all of this. A multi currecy third-party wallet would give all the benefits carried by your idea and wouldn't incur in costs and efforts for the Dash team/network. Nice for a 3rd party wallet but won't support it in Evo's official wallet.
 
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